Gift Shops for sale in Truro

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Adam Warren (Jan 2017)
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Leasehold Price: £24,950 Annual Turnover: £122,000
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Business Description
Veritas Business Sales are delighted to offer for sale this respected Gifts & Gadgets retailer which is located in the City of Truro. The business has been in the careful hands of my client for over 9 years when he originally set up it up from scratch and is reluctantly being offered for sale due other business commitments. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and only requires the help of 2 part time members of staff and has an annual turnover of £122,000. They retail a fine selection of unique gifts and gadgets for both tourists and locals, young and old and also offer a wide range of jewellery, puzzles, books, Cornish fudge, rock ,tea towels and various electronic gadgets. We believe that there is further potential to increase turnover by opening on Sundays, expanding upon the current product ranges and developing the on-line sales side of the business. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is the only independent gift shop in Truro, which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.
Trading Hours:
Monday – Friday – 10.00am – 4.30pm
Saturday – 9.30am – 5.00pm
Sunday – Closed

Tenure: Leasehold

Location Details:
This delightful gifts and gadgets retail business is located within a prominent position in Truro town centre close to the Cathedral and shoppers’ car parks. Truro is the hub and capital of the county and an ever expanding town with further expansion plans in both the east and west of the city. This small city is vibrant and enjoys many visiting tourists and boasts a string of blue chip retailers .

Leasehold Term:
Original term: 12 years Remaining: 3 years (renewable) Reviewed: 4 yearly Rent: £18,500 pa Rates: £6,500 pa


Listed by: Veritas Business Sales Ltd

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